What Does Minimum Compensation Requirement Mean Updated June 9 2023 During the interview process employers may ask what your expected total compensation is for the open role Being prepared to answer this question can help you make a positive impression during your interview
Given my expertise and experience my salary requirements are between 45 000 and 55 000 Providing a salary range demonstrates that the candidate is flexible and avoids a situation where the quote is too low or too high The lowest part of a candidate s salary range is normally their minimum compensation requirement A salary requirement is the amount of compensation a person needs in order to accept a position Salary requirements are based on several factors such as Salary history Previous work experience Skills The industry Cost of living
What Does Minimum Compensation Requirement Mean
What Does Minimum Compensation Requirement Mean
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9 I am open to discussing salary but I would like to understand more about the expectations and goals for this role to ensure that my compensation aligns with them 10 My salary requirements are flexible and I am open to discussing a range that is fair and reasonable based on the market rate and my qualifications Takeaways Quick Answer Recruiters ask about compensation expectations to ensure expectations are in line with the company s salary range gauge what type of candidate you are and understand your longer term expectations Research the position factor in expenses provide a range show flexibility and be honest when answering this question
When asked about your salary either your requirements or history use these steps to help you craft an effective answer Consider your skills and experience Answering questions about salary requirements should start before you enter the interview room List out your skills and experience as they apply to the position Assuming about 525 athletes per school which is the average in the Southeastern Conference that works out to a minimum of about 7 88 million per year which would be peanuts for schools like
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3 Be Flexible Always be willing to concede your first offer In doing so you ll still likely get a profitable deal and the other side will be pleased with the outcome Remember there s little to risk if you put out the highest number you can justify but there s a lot to lose if you don t The home secretary has said a British citizen will need a minimum income of 38 700 a year to bring a family member to the UK Legal action planned over UK s cruel income threshold visa rules
Updated June 9 2023 Your desired salary is something that you often discuss in job interviews or note on a job application It s important to know how to answer this question Providing a salary in the right range will help you get a job that can compensate you appropriately for your skills and experience 1 Deflect the question If you re still early in the hiring process and still learning the specifics about the job duties and expectations you may want to deflect any question about salary to discuss later on Note that prior to a formal job offer a salary question is mainly the interviewer s way of gathering information
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What Does Minimum Compensation Requirement Mean - 9 I am open to discussing salary but I would like to understand more about the expectations and goals for this role to ensure that my compensation aligns with them 10 My salary requirements are flexible and I am open to discussing a range that is fair and reasonable based on the market rate and my qualifications